IHS Chemical Week

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Evonik posts lower sales and earnings, readies IPO

2:40 PM MDT | March 18, 2013 | —Natasha Alperowicz

Evonik Industries reported a 6% drop in fourth-quarter Ebitda, to €492 million ($641.7 million), on 2% lower sales, to €3.27 billion, attributing the decline to destocking by customers and economic weakness. Net income was 86% higher, to €276 million, mainly because of tax effects....

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